- Acorn Fresh Aims to Become a Brand
Synonymous With Food Safety
SHANGHAI, June 12, 2018 /PRNewswire/ -- Acorn
International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today
announced that it has begun offering high quality seafood to
Chinese consumers through its newly established Acorn Fresh
business.
Acorn Fresh is bringing safe, wild, and healthy premium seafood
direct to consumers in a market where food safety and supply chain
integrity remain significant problems. Acorn Fresh will be
available on major and niche third-party e-commerce and digital
media platforms in China, as well as Acorn's official websites
and own proprietary platforms.
Acorn Fresh's seafood products are primarily sourced from
Iceland and feature single-frozen,
sustainably caught wild seafood, through IS Seafood, a seafood
wholesaler that provides seafood to some of China's leading hotels and restaurants. IS
Seafood was co-founded in 2013 by Robert
Roche, the executive chairman of Acorn International, who
stated, "We are excited about this partnership. IS Seafood employs
a network of industry-leading cold chain logistics specialists and
uses state of the art processing and packaging techniques to
deliver the finest, all-natural seafood." Acorn also separately
engages one of China's leading
cold-chain logistics operators with a reach that covers over 70% of
China's population to deliver its
products directly to consumers at a constant temperature of maximum
minus 18 degrees Celsius.
"Food safety is a real problem in China and consumers are willing to pay a
premium for high- quality products," said Mr. Jacob A. Fisch, Acorn's President and CEO.
"Acorn Fresh is tackling the vast seafood market in China, which is expected to drive more than
half of global seafood consumption growth over the next decade
according to industry reports. Early indications are that Acorn
Fresh is being very well received by Chinese consumers looking for
safe and healthy sources of protein for their
families."
About Acorn International, Inc.
Co-founded in 1998 by Executive Chairman Robert Roche, Acorn is a marketing and branding
company in China with a proven
track record of developing, promoting and selling a diverse
portfolio of proprietary-branded products, as well as
well-established and promising new products from third parties. Its
current business includes selling merchandise to consumers in
China primarily through e-commerce
and its outbound call center. For more information
visit www.acorninternationalir.com.
Safe Harbor
Statement
This news release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "anticipates," "believes,"
"estimates," "expects," "future," "going forward," "intends,"
"outlook," "plans," "target," "will," "potential," and similar
statements. Such statements are based on management's current
expectations and current market and operating conditions and relate
to events that involve known or unknown risks, uncertainties, and
other factors, all of which are difficult to predict and many of
which are beyond the Company's control, which may cause the
Company's actual results, performance, or achievements to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks, uncertainties, or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events, or otherwise, except as required
by law.
Contact:
Acorn International,
Inc.
|
Compass Investor
Relations
|
Ms. Margaret
Zhao
|
Ms. Elaine Ketchmere,
CFA
|
Phone:
+86-21-5151888
|
Phone:
+1-310-528-3031
|
Email:
Zhaoxiaojie@chinadrtv.com
|
Email:
Eketchmere@compass-ir.com
|
www.acorninternationalir.com
|
www.compassinvestorrelations.com
|
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SOURCE Acorn International, Inc.